If you’re a Canadian and have received money from a U.S. source when you are here, you may have to file a U.S. tax return. That is because the U.S. may believe you owe taxes on that money. If you are a snowbird and spend a limited amount of time in the U.S., your tax “home” is probably Canada. In that case, experts advise you file a Form 8840, “Closer Connection Exception Statement”, with the IRS. Its intent is to establish that your taxing jurisdiction is Canada and a U.S. tax return is not necessary. It must be filed by June 15 for past calender year monies.
Subscribe to Blog via Email
Topics
- Animal Stories (mostly Dogs in the Military) (48)
- Arizona and Its Amenities (58)
- Canada and Canadians (45)
- Foreclosures + Short Sales (16)
- Forms and Resources (2)
- Global Buyers + Foreign Investment (66)
- Home Buying (172)
- Home Ownership (86)
- Mortgages + Lending (62)
- Moving Tips (7)
- Preparing a Home for Sale (26)
- Real Estate Facts & Figures (105)
- Real Estate History (6)
- Renters and Renting (25)
- Selling Your Home (74)
- Taxes (12)
- The Attorney-Broker Advantage (28)
- Title Insurance + Escrow (15)
- Uncategorized (13)